Bookrunner Roth Capital Partners raises funds for corporate purposes
By Devika Patel
Knoxville, Tenn., June 3 – NV5 Holdings, Inc. said the underwriters for its public offering of stock opted to exercise the deal’s $6.69 million greenshoe in full, lifting total proceeds of the offering to $51.32 million. The deal was announced May 12 and priced for $44.63 million with the greenshoe on May 13.
The company sold 1,955,000 common shares at $26.25 per share. The price per share is a 9.89% discount to the May 12 closing share price of $29.13. Of the shares, 255,000 were part of the fully exercised greenshoe.
Roth Capital Partners was the bookrunner.
Proceeds will be used for the potential acquisition of Dade Moeller & Associates, Inc., a Richland, Wash.-based environmental health and safety firm, and for general corporate purposes.
The Hollywood, Fla., company provides professional and technical engineering and consulting services to public and private sector clients.
| Issuer: | NV5 Holdings, Inc.
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| Issue: | Common stock
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| Amount: | $51,318,750, including $6,693,750 greenshoe of 255,000 shares
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| Shares: | 1,955,000
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| Price: | $26.25
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| Warrants: | No
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| Bookrunner: | Roth Capital Partners
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| Co-manager: | Seaport Global Securities
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| Announcement date: | May 12
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| Pricing date: | May 13
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| Settlement date: | June 3
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| Stock symbol: | Nasdaq: NVEE
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| Stock price: | $29.13 at close May 12
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| Market capitalization: | $283.45 million
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